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  • Stonks: $NVDA drop, $NVO approval, Airbus falls, $TSLA delivery

Stonks: $NVDA drop, $NVO approval, Airbus falls, $TSLA delivery

Author

Michael Luo
June 25, 2024

Here’s the latest “under the radar” stock news from Reddit in the last 24 hours that you don’t want to miss, as picked by Fluid Bot’s AI.

🚨 We just launched a TikTok where we post the latest AI updates! https://www.tiktok.com/@fluid.ai.stocks

NVDA has room to drop further 

  • Reddit sentiment: mixed/negative (potential positive movements, most comments reflect bearish sentiments or expectations of further drops)

  • $NVDA has had impressive runs but also significant corrections with higher volatility

  • Recent corrections: Nov '21, Jan '22, March '22, May '22, Aug '22, Oct '22, Mar '24, Apr '24, Jun '24

  • Current correction: -16% from $140.76 in Jun '24 to $118.11 today

  • Predicts potential 500 bps downward movement in current correction for $NVDA

  • Recent actions: scalped $1000 off $NVDA with 6/21 Puts, sold 10 shares at $138

  • Not financial advice - for informational purposes only

NOVO Nordisk 

  • Reddit sentiment: mixed/positive (Concerns around Novo's supply constraints and discussions on its competitors, significant positive sentiment around Novo's drug pipeline, current stock performance, and long-term growth potential)

  • Novo Nordisk's obesity product Wegovy has been approved in China

  • Novo Nordisk is entering the second-largest economy with its product, competing with Eli Lilly

  • 200 million overweight Chinese people are expected to rise to 500 million by 2045

  • Novo's patent on semaglutide will expire in China in less than two years

  • Novo Nordisk invested $4.1 billion in a new factory in North Carolina

  • Novo stock rose by 1.75 percent at the Danish stock exchange following the approval.

Boeing rival Airbus shares fall 11% as company cuts 2024 guidance on targets, deliveries and cash flow 

  • Airbus shares fell by close to 12% after the company announced cuts to its 2024 financial targets, including earnings before tax and interest and commercial aircraft deliveries

  • Airbus now expects adjusted earnings before interest and taxes to be around 5.5 billion euros, down from a previous estimate of 6.5 to 7 billion euros

  • The company anticipates delivering approximately 770 commercial aircraft this year, compared to a previous estimate of around 800

  • The guidance cuts are due to supply chain issues in Airbus' commercial aircraft business and additional costs in its space systems division

  • Airbus recognized charges of around 0.9 billion euros in the first half of 2024, mainly related to certain telecommunications, navigation, and observation programs

  • Airbus' half-year results are set to be released on July 30.

Tesla Delivery Results Are Coming. Brace for More Bad News. 

  • Reddit sentiment: mixed/negative (majority of the comments have a negative tone towards Tesla's performance, delivery numbers, and Elon's impact on the company's stock)

  • Tesla ($TSLA) is expected to report second-quarter delivery results in a week, with Wall Street estimates possibly being too high

  • This may lead to negative news for Tesla's stock

One of the worst seven day periods of the year.

  • Reddit sentiment: mixed/negative (Users generally express skepticism and demand proofs, with a negative tilt towards the OP not being transparent about positions)

  • Check the calendar before making trading decisions

  • 575K profit in options account by shorting QQQ and big 7 PUTS

  • Still holding position despite wanting to close for a potential cool mill

  • Trailing stops in place to protect profits.

  • Warns others to be careful with trades and to use information in combination with other data.